The Commission delayed the publication of the Non-Financial Reporting (NFR) Guidelines, initially expected in December 2016. It explained that it had to take account “recent international developments, including at G20 and FSB level […] to consider as far as possible the work of the industry-led Task Force on climate-related financial disclosures established by the Financial Stability Board (FSB)”.

At a new conference for stakeholders held in Brussels on 16 February, FERMA stressed the importance of enterprise-wide risk management as an intelligent tool to ensure that the description and the analysis of risks mentioned in the non-financial statement (such as environment, social and employee matters and bribery) are relevant and based on high-quality data.

Publication of the NFR guidelines is now expected in April 2017.